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Jan 31, 2013
01/13
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we have got $16.4 trillion in debt today, so by the time the debt ceiling is reapplied, rei am posed, it will just under $17 trillion. now, at that point, we will be right back to the standoff that we were at very recently, standoff over what to do about this massive amount of debt we already have and the massive amount of additional debt that the administration would like to create. now, the administration's position is very clear. they want additional borrowing authority with no strings attached, no conditions, no limits on future spending. they just want to be able to keep borrowing. some on our side of the aisle feel very strongly that any increase in the debt ceiling that authorized still more borrowing needs to be accompanied with some measure of spending discipline so that we can at some point begin to regain control over these out-of-control deficits and the debt. well, in any case, what we know for sure is this tension will re-emerge and that we don't have a resolution in place now, and if this measure passes -- which very likely it will and it will be signed into law -- we h
we have got $16.4 trillion in debt today, so by the time the debt ceiling is reapplied, rei am posed, it will just under $17 trillion. now, at that point, we will be right back to the standoff that we were at very recently, standoff over what to do about this massive amount of debt we already have and the massive amount of additional debt that the administration would like to create. now, the administration's position is very clear. they want additional borrowing authority with no strings...
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Feb 2, 2013
02/13
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so as congress agrees to delay a showdown over the debt ceiling and faces a march 1 deadline for across the board spending cuts, what to make of this darned economy, david? >> am i supposed to answer that? it is confusing. the stock market is up. employers are hiring, very slowly. the government now tells us that hey -- they hired a lot more last year than previously believed. auto seafls are up 14% from last year. housing sales are coming back. on the other hand the economy took a pause at the end of last year? unemployment is very high, 7.9%. among men between 25 and 54 one out of six is not working. so i think when you cut through all this what do you see? well, the stock market is going like this and the economy is going like this. that can't last. i can't explain the stock market except maybe there was a gigantic sigh of relief. the republicans aren't going to force the u.s. freshry due default and the europeans aren't going to blow themselves up economically. you see an economy that's growing -- slowly. growing is better than not growing. the europeans are trying the not growing t
so as congress agrees to delay a showdown over the debt ceiling and faces a march 1 deadline for across the board spending cuts, what to make of this darned economy, david? >> am i supposed to answer that? it is confusing. the stock market is up. employers are hiring, very slowly. the government now tells us that hey -- they hired a lot more last year than previously believed. auto seafls are up 14% from last year. housing sales are coming back. on the other hand the economy took a pause...
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Feb 5, 2013
02/13
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they have agreed to put off the debt ceiling debate. we have got a little extra time on the debt ceiling, but they are going to be looking to extract some blood. they want revenge for having gotten so beaten down by the president in the fiscal cliff negotiations. where politics are concerned, how accurate is the narrative i just laid out? >> i think you are right, but here is the. you did not mention, and that is a poll after poll shows us the american people are clear. they understand in this difficult economy you do not cut social security or disability programs. you do not head -- you do not cut medicare or medicaid. if the president were to go forward and say, we are not going to balance the budget on the backs of the most vulnerable, but we are going to look for hundreds of billions of dollars in revenue from those companies that are stashing their money in the cayman islands or bermuda or other tax havens. we are going to take on hard look at all corporate loopholes. we are going to look at the absurdity of continuing to give tax
they have agreed to put off the debt ceiling debate. we have got a little extra time on the debt ceiling, but they are going to be looking to extract some blood. they want revenge for having gotten so beaten down by the president in the fiscal cliff negotiations. where politics are concerned, how accurate is the narrative i just laid out? >> i think you are right, but here is the. you did not mention, and that is a poll after poll shows us the american people are clear. they understand in...
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Feb 1, 2013
02/13
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debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death certificate. >> narrator: for his part, the president decided to try something new: personal politics. he figured he could connect to the republican leader, john boehner. >> obama told his staff, john boehner is a country club republican, a golf-playing, cigarette smoking deal-maker. >>arrar: t predent invited boehner to play golf with him at andrews air force base. >> and afterward, they go back to the clubhouse, and they're having a drink; there's a photo op. and it's at that point when boehner says to the president, "hey, you know, on this debt ceiling stuff, we ought to do something big." >> nar
debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death...
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debt ceiling is you cannot borrow, so you have to balance the budget tomorrow. in addition to that, there was the kind of not very real threat that we might default on the national debt or postpone payments, so you're playing with a combination of a big fiscal contraction and the possibility of triggering a financial crisis also. lori: i want to ask you about your book. after the music stopped, but about the financial crisis, to a dozen 7-8. looking back, said always 2020, what were the best actions taken by the federal government and the worst? >> at think there were three. in net you a tie for first? >> you know how tv works. >> one was tart. very unpopular, but effective and turn a profit for the taxpayer. second was the stimulus that we were just talking about. could have been better. was not a perfect stimulus bill, a pretty good given the political constraints. third, what almost no one ever talks about, the bank stress test. to me the banks stress test and this compared pedestrian 2009 was the equivalent of the fdr bank holiday. once was over people felt
debt ceiling is you cannot borrow, so you have to balance the budget tomorrow. in addition to that, there was the kind of not very real threat that we might default on the national debt or postpone payments, so you're playing with a combination of a big fiscal contraction and the possibility of triggering a financial crisis also. lori: i want to ask you about your book. after the music stopped, but about the financial crisis, to a dozen 7-8. looking back, said always 2020, what were the best...
SFGTV: San Francisco Government Television
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Feb 5, 2013
02/13
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the debt ceiling and sequestration for the debt ceiling, congressionally established limit on the amount of the public debt reached in the final days of 2012, and through emergency borrowing measures the treasury was able to continue funding the federal government. these issues should be revisited again probably in the next week. it's been quiet in dc this week. the sequestration act will allow federal obligations possibly is in this mid-february. the sequestration that was supposed to take effect on january 1 prevented cats to all discretionary funding programs. the highway trust fund that primarily funds the highway and transit account is protected, would not have been subjected to the sequestration got. the new starts funding programs, new source of funding for the central suburb project, we are keeping a close eye on that because there is a potential cut to the program. we are also keeping an i on the continuing resolution for the federal appropriations level. in october. in october 1, there was a six-month continuing resolution of the federal appropriation bill which expires at the
the debt ceiling and sequestration for the debt ceiling, congressionally established limit on the amount of the public debt reached in the final days of 2012, and through emergency borrowing measures the treasury was able to continue funding the federal government. these issues should be revisited again probably in the next week. it's been quiet in dc this week. the sequestration act will allow federal obligations possibly is in this mid-february. the sequestration that was supposed to take...
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Jan 31, 2013
01/13
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CNBC
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can we just get rid of the debt ceiling? it's a real brawl. >> just deep six that sucker like no other country deals with this it ottic device. hey, i'm going to borrow some money, but i'll think twice over whether i'm going to pay the bill when it comes. >> what if it was the founding father himself who said i think we ought to have a debt ceiling so as to avoid fiscal recklessness? >> well, in fact, the debt ceiling, the reason we have one is because up until 100 years ago, we voted on every bond issue individually. so you think it's bad now, just imagine if we had had that situation. but looking forward, though, this is very much yesterday's story. it was interesting that the reason the dow took this latest jump upwards was because the house a couple of weeks ago signaled they weren't going to have a fight over the debt ceiling. now, people need to focus on the fact that the next big tripwire is the sequester. i think markets got a little bit complacent the one second. >> we want to talk about the federal reserve, as well
can we just get rid of the debt ceiling? it's a real brawl. >> just deep six that sucker like no other country deals with this it ottic device. hey, i'm going to borrow some money, but i'll think twice over whether i'm going to pay the bill when it comes. >> what if it was the founding father himself who said i think we ought to have a debt ceiling so as to avoid fiscal recklessness? >> well, in fact, the debt ceiling, the reason we have one is because up until 100 years ago,...
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Jan 29, 2013
01/13
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that pushes the debt ceiling to may 18th. the back end of number of cliffs upcoming in the calendar. look here at the government deadlines the congress and white house are facing right now. first, march 1st are the automatic spending cuts known as the sequester. they begin to hit the federal budget. that is something that takes place over the course of the year and is gradual. march 27th, that is when government spending runs out. or a large chunk of it. if there is no agreement on that, that could shut down the federal government. you're looking at debt ceiling all the way on may 18th. congressional aides saying treasury is telling them pause of extraordinary measures they can use, this pushes the debt ceiling day back to sometime this summer perhaps if this is a bill that clears congress and the senate is going to consider it the next couple of days and likely it does pass of the because the debt ceiling is pushed off and the next real fast deadline is march 27th, that government spending deadline, analysts say that increas
that pushes the debt ceiling to may 18th. the back end of number of cliffs upcoming in the calendar. look here at the government deadlines the congress and white house are facing right now. first, march 1st are the automatic spending cuts known as the sequester. they begin to hit the federal budget. that is something that takes place over the course of the year and is gradual. march 27th, that is when government spending runs out. or a large chunk of it. if there is no agreement on that, that...
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Jan 29, 2013
01/13
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he's made it clear he's willing to bypass congress and increase the debt ceiling by executive order if necessary. >> jimmy: you ain't lying, honey bri bri. [ light laughter ] the president's got the bill in his hands. all it needs now is his john hancock. ♪ whipping out his hancock ♪ [ laughter ] >> jimmy: obama's got republicans in a compromising position. and now, he's ready to push his package through congress. ♪ ah push it push it good ah push it ♪ >> push it real good! [ laughter and applause ] ♪ obama's unwillingness to back down on this issue has left the gop handcuffed, helped in no small way by the president's strong backing from prominent democrats, including senate majority leader dick durbin. >> jimmy: hey, hold on. hold up. you gonna roll up in here talking about handcuffs and dicks? [ light laughter ] >> how was third grade, jimmy? ♪ 50 shades of brian williams ♪ >> members of congress have a big job to do. >> jimmy: it's time to come together and raise the roof! ♪ the debt clock is rising there ain't no denying the deadline for action is on the horizon â™
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Jan 31, 2013
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it's set to vote on a bill that would allow the debt ceiling to keep going up through the middle of may. that would delay the expected shutdown -- rather, showdown between democrats and republicans over spending cuts. the house passed the bill last week. president obama said he will sign it if it passes in the senate. >>> chuck hagel will face some tough questions today in his bid to become defense secretary. the senate armed services committee will hold his confirmation hearing. he's a former republican senator but may have a hard time winning support from the senate's gop members. six republicans have already said they will oppose his nomination. they have questions about comments he made about israel and iran. if confirmed, hagel would be the first vietnam vet to lead the pentagon. >>> president obama says he hopes for some form of immigration within six months. in an interview with telemundo, he says the plan must include a path to citizenship for 11 million illegal immigrants already in the country. and he says it's time for congress to act. >> we've been working on this for a long
it's set to vote on a bill that would allow the debt ceiling to keep going up through the middle of may. that would delay the expected shutdown -- rather, showdown between democrats and republicans over spending cuts. the house passed the bill last week. president obama said he will sign it if it passes in the senate. >>> chuck hagel will face some tough questions today in his bid to become defense secretary. the senate armed services committee will hold his confirmation hearing. he's...
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Jan 31, 2013
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ceiling the next time, so let's lose here gracefully and then not lose on the debt ceiling where the outcome could be more disastrous for markets if we don't have a debt ceiling increase. if you have a sequester, it's going to be a problem for gdp over the course of the year. it's not going to be an immediate problem, i don't think, for markets if the government says, hey, we're going to cut tens of billions of dollars of spending right away. >> losing gracefully. what a concept. a concept. a concept. cnbc's amman javers. >> i'm great at losing gracefully. >> so am i. >> thank you for your insight and time. >> coming up from immigration to reproductive rights to fiscal krn. tea partiers have undermined the efforts of established republicans. who will win the great republican tug-of-war? we will discuss just ahead. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large pro
ceiling the next time, so let's lose here gracefully and then not lose on the debt ceiling where the outcome could be more disastrous for markets if we don't have a debt ceiling increase. if you have a sequester, it's going to be a problem for gdp over the course of the year. it's not going to be an immediate problem, i don't think, for markets if the government says, hey, we're going to cut tens of billions of dollars of spending right away. >> losing gracefully. what a concept. a...
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Feb 1, 2013
02/13
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and certainly, anything that washington does as we saw with the first debt ceiling negotiations, anything that washington does that adds to the uncertainty certainly doesn't help the economy. so i think most people would like to see these people sort of get their act together before the deadline, hopefully. >> well, in fact, senator roy blunt just blamed uncertainty. let me play that. >> uncertainty is probably even a greater problem than contraction. if we knew what the government spending was going to be with some certainty, that would be better than this constant not knowing. we're on the 60-day clock and then on the 90-day clock. we need to get on a four and five-year clock. and that's why a budget and appropriations bills will make a difference, chuck. >> what are the chances, michael, of those things happening? >> well, you know, i think a long-term solution doesn't look very practical right now. and one reason is that members of congress like mr. blunt, republicans, are -- i think that it's more important not to give more ground on taxes than it is to create certainty. so i think e
and certainly, anything that washington does as we saw with the first debt ceiling negotiations, anything that washington does that adds to the uncertainty certainly doesn't help the economy. so i think most people would like to see these people sort of get their act together before the deadline, hopefully. >> well, in fact, senator roy blunt just blamed uncertainty. let me play that. >> uncertainty is probably even a greater problem than contraction. if we knew what the government...
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Jan 29, 2013
01/13
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it comes out of the debt ceiling deal in 2011 and it was the backup to the supercommittee. and way it was designed, it was originally supposed to be half taxes and half spending cuts. so both sides would be terrified of letting it happen, and because they were so terrified of letting it happen, they would come to a deal. the point of the sequester was to get the two sides to a deal. but republicans wouldn't allow tax increases, even in the sequester. and so they made this weird deal with democrats. and they said, okay, the sequester has to be all spending cuts. but because we're not giving you any taxes, they can mostly be spending cuts you don't mind and that we really hate. so half of the sequester, a full half of it is defense. that is a huge, huge cut to defense. but it's actually worse than that for republicans. medicaid is completely protected from the sequester. social security, completely protected. most low-income programs, completely protected. medicaid beneficiaries, completely protected. veterans benefits, completely protected. pell grants, completely protected.
it comes out of the debt ceiling deal in 2011 and it was the backup to the supercommittee. and way it was designed, it was originally supposed to be half taxes and half spending cuts. so both sides would be terrified of letting it happen, and because they were so terrified of letting it happen, they would come to a deal. the point of the sequester was to get the two sides to a deal. but republicans wouldn't allow tax increases, even in the sequester. and so they made this weird deal with...
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Feb 6, 2013
02/13
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but i think that maybe part of what we are seeing on the debt ceiling is the last fight over the debt ceiling back in the summer of 2011 turned out to be a terrible self-inflicted wound for the american economy. we saw consumer confidence plummets, our debt got downgraded. i think that's part of why i think even republicans who care very much about spending are nervous to use as a bargaining chip again, precisely we saw how damaging bringing into question the credit worthiness of the american government was. so am hopeful that we won't keep fighting over this, that we'll have the right fight, which is what she' just any become whicho about the deficit, and not should we pay the bill. i think that's a terrible what. >> and there's a very interesting question about whether, in retrospect, whether republicans leveraging the debt limit in the summer of 2011 could get a bill that cut spending by one to $2 trillion going forward, whether, in fact, that was worth it. because what they did was they introduce liquidity rates by saying hey, if you don't cut spending when not going to vote for a
but i think that maybe part of what we are seeing on the debt ceiling is the last fight over the debt ceiling back in the summer of 2011 turned out to be a terrible self-inflicted wound for the american economy. we saw consumer confidence plummets, our debt got downgraded. i think that's part of why i think even republicans who care very much about spending are nervous to use as a bargaining chip again, precisely we saw how damaging bringing into question the credit worthiness of the american...
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Feb 4, 2013
02/13
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. > let me ask you quickly about- we've got sequestration coming up, we've got the debt ceiling, so congress is still a factor here. any worries that, now that we have passed the fiscal cliff for the moment, that those two items might cause some trouble? > > absolutely. i am still worried about that. i think, longer-term, i have mentioned that there are a lot of positive things in this country that are actually occurring. energy revitalization and independence, i think that gets undersold. the fact that our labour force is now competitive. i think longer- term those are good things. my question is how quickly we get there, and there are all kinds of speed bumps before we kind of get to that end-state nirvana. and the big factor that holds the key to that is what happens in congress. > brent schutte. thanks so much. > > thank you. the big easy is working mighty hard to make a big comeback. we'll see what's new in new orleans, next. as the monday morning quarterbacking gets underway, we wanted to give special attention to the real winner of the super bowl: new orleans. joining us via skype thi
. > let me ask you quickly about- we've got sequestration coming up, we've got the debt ceiling, so congress is still a factor here. any worries that, now that we have passed the fiscal cliff for the moment, that those two items might cause some trouble? > > absolutely. i am still worried about that. i think, longer-term, i have mentioned that there are a lot of positive things in this country that are actually occurring. energy revitalization and independence, i think that gets...
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Jan 29, 2013
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the debt ceiling ♪ ♪ the president is having a hard time getting enough ♪ ♪ seems the gop ain't rubbing him the right way ♪ ♪ especially with the country's $16.4 trillion in debt. ♪ ♪ we're still in debt, but it's all right ♪ ♪ the united states really couldn't get any broker ♪ ♪ got to liquidate its assets just like al roker ♪ >> sometimes you feel bad for brian. last week, many criticized the military's decision to allow women to fight in combat roles. jon stewart explains the logic. >> there are certain facts ability upper body streng. 6'4", 240 pound marine and you are injured and you need the marine next to you to carry you back to safety and she weighs 115 pounds. it's irrelevant. we can't have women in combat because they are tiny. they are too delicate. they are little. they are wee little hands. they can barely -- have you ever seen them eat, they pick up a dinner roll. tiny sharp teeth, wait a minute, i'm thinking of mice. mice should not be serving in the military no matter how adorable they might be. sergeant whiskers, i can't nape on you. a thimble for a h
the debt ceiling ♪ ♪ the president is having a hard time getting enough ♪ ♪ seems the gop ain't rubbing him the right way ♪ ♪ especially with the country's $16.4 trillion in debt. ♪ ♪ we're still in debt, but it's all right ♪ ♪ the united states really couldn't get any broker ♪ ♪ got to liquidate its assets just like al roker ♪ >> sometimes you feel bad for brian. last week, many criticized the military's decision to allow women to fight in combat roles. jon...
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Feb 5, 2013
02/13
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FOXNEWS
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that is called suspending the debt ceiling, you raise the debt ceiling so you put a lid on what the government can spend. when you reach your credit, they will give you another thousand dollars and that is new limit. what has now happened is capitol hill has suspended that limit, now you are going to american express card with no limit and you have given the president no limit until mid may? >> i don't think american express would like the comparison because it couldn't be as bad. [ laughter ] >> but they are limited by the appropriations process and house and senate under the constitution have the power of the purse. he is not supposed to spend important. having said that, you are right. it's a huge problem. we should not extend the debt limit again. what is coming up, it may be four to six months unless there are legally spending cuts. i proposed that legislation. it got a lot of votes on the floor but it's simple idea. reduction of spending for every dollar increase in debt limit and you get to balanced budget over ten years if you do that. >> greta: breaking news, it's an important topic.
that is called suspending the debt ceiling, you raise the debt ceiling so you put a lid on what the government can spend. when you reach your credit, they will give you another thousand dollars and that is new limit. what has now happened is capitol hill has suspended that limit, now you are going to american express card with no limit and you have given the president no limit until mid may? >> i don't think american express would like the comparison because it couldn't be as bad. [...
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Jan 31, 2013
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let's hope we wet through the debt ceiling crisis, and then you'll see the private sector invest. if there's one thing this president is going to be known for, he is all over the social issues, guns and gay marriage and healthcare but has done nothing to help this economy. and when you look at what jack will you and rob neighbors and gene sprawling did in the summer of 2011, are you shock wed have had this anemic recovery? and we're not in a recovery. near a recession. >> one more quarter and we're in a technical recession as well. one more quarter of negative. let's talk about this for a little bit. so, what we really need is growth to come back into the economy. for me, ronald reagan, margaret thatcher, said let people keep more of their own money and then people invest in their businesses or invest in themselves go out to dinner, a movie. thatthat's economic growth. >> you're absolutely correct. and look, the numbers are clear. if we were growing at three to four, five%, which is not out of the realm of possibility, happened under ronald reagan -- we could grow our way out of t
let's hope we wet through the debt ceiling crisis, and then you'll see the private sector invest. if there's one thing this president is going to be known for, he is all over the social issues, guns and gay marriage and healthcare but has done nothing to help this economy. and when you look at what jack will you and rob neighbors and gene sprawling did in the summer of 2011, are you shock wed have had this anemic recovery? and we're not in a recovery. near a recession. >> one more quarter...
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Jan 29, 2013
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summer of 2011, big fight over the debt ceiling at the time. jay carney, white house press secretary accuses ed henry, our white house correspondent of spouting republican talking points. and now, to get into this fight over more and more spending. we have had a debt ceiling fight and a fiscal cliff fight, the president's talking about fox again. >> it would be so much better if he would man up and get in the arena. instead, he sits on the sidelines and talks to the comfortable media -- i don't blame him. but it's easy to take a shot. but he can come here. r. he will be treated with respect. bill o'reilly -- he would never talk to sean. but sean would be respectful am but he doesn't, you know, he won't come here -- and -- >> the research has shown more democrats watch fox than republicans watch some of the other news networks. if you go back to the debt ceiling fight, one of the things that angered the white house was republicans were saying, repeatedly, the president hasn't put forth a plan. wais his plan to cut spending? the answer was, you a
summer of 2011, big fight over the debt ceiling at the time. jay carney, white house press secretary accuses ed henry, our white house correspondent of spouting republican talking points. and now, to get into this fight over more and more spending. we have had a debt ceiling fight and a fiscal cliff fight, the president's talking about fox again. >> it would be so much better if he would man up and get in the arena. instead, he sits on the sidelines and talks to the comfortable media -- i...
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since 2001, congress has raised the debt ceiling eleven times. the bill will increase the nation's 16-point-4 trillion dollar debt limit by about 450 billion dollars. coming up next the latest in alabma where a child hostage situation enters its fourth day. plus a student is in custody after opening fire inside a middle school in atlanta. and another cabinet member in president obama's administration announces his resignation. [ washer and dryer sounds ] for the things you can't wash, freshen them with febreze. febreze eliminates odors and leaves a light fresh scent. febreze, breathe happy. we're learning more about the alleged gunman who continues to hold a young boy hostage in an underground bunker in alabama. locals describe 65-year-old jimmy lee dykes as a mean and reclusive man who worried about being abducted by aliens. on tuesday, dykes allegedly pulled the 5-year-old boy off his school bus after shooting and killing the driver. dykes has been holding him hostage in an underground bunker in his backyard. through a 60-foot pipe, dykes has a
since 2001, congress has raised the debt ceiling eleven times. the bill will increase the nation's 16-point-4 trillion dollar debt limit by about 450 billion dollars. coming up next the latest in alabma where a child hostage situation enters its fourth day. plus a student is in custody after opening fire inside a middle school in atlanta. and another cabinet member in president obama's administration announces his resignation. [ washer and dryer sounds ] for the things you can't wash, freshen...
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Jan 31, 2013
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if we have no spending problem, why do we need to extended debt ceiling. why do we need more money? >> the president is running out of excuses. he can't blame the last administration because he is the last administration. president obama has spent more and created more debt than any president in history. yet we've got the slowest recovery of any recovery in history. i spent last summer going around my state talking to small businesses, dozens of them. it's very clear to me what is happening now. they were already beginning to pull back because of the expected costs of obamacare. the dodd-frank legislation that was federal takeover of financial system is making it harder for businesses to get loans. you look at the expected tax increases which businesses we're trying to plan for. uncertainty goes back to the president's policies. it's not obstruction, i wish we had more of it. policies in place are hurting our economy. even more than that, the uncertainty from the mounting debt on individual americans is putting us in a position where it's going to be harder to dig out of it. >> gret
if we have no spending problem, why do we need to extended debt ceiling. why do we need more money? >> the president is running out of excuses. he can't blame the last administration because he is the last administration. president obama has spent more and created more debt than any president in history. yet we've got the slowest recovery of any recovery in history. i spent last summer going around my state talking to small businesses, dozens of them. it's very clear to me what is...
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>> this moves the debt ceiling fight the back. now march 1, automatic spending cuts and defense and other programs begin to hit and government spending on march 27. next up, defense spending will be a topic of conversation in d.c. and congress. david: rich edson, thank you from d.c. liz: the chief strategist in the pits of the cme. right now i would love to sit here and talk about the trading action for today. the last day of january, it all @ooks very nice. it looks pretty good for january. here comes the january jobs report, is that what people are looking at? >> absolutely. the whole week has been pointed for tomorrow. lots of consumer confidence, lousy gdp, lots of bad numbers. everybody is pointing for this number tomorrow. if it doesn't beat significantly, think we're in for a little bit of solid pressure. looking for 195, expecting 215. if we are not north of 215, the market might rally a little bit and then sell off. now priced for perfection. david: what kind of selloff are people expecting? a minor 5% selloff for somethi
>> this moves the debt ceiling fight the back. now march 1, automatic spending cuts and defense and other programs begin to hit and government spending on march 27. next up, defense spending will be a topic of conversation in d.c. and congress. david: rich edson, thank you from d.c. liz: the chief strategist in the pits of the cme. right now i would love to sit here and talk about the trading action for today. the last day of january, it all @ooks very nice. it looks pretty good for...
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Jan 31, 2013
01/13
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. >> and remember that debt ceiling hostage taking? well, today, senate republicans passed the debt ceiling extension. so you're seeing a confident president determined to carry out his second term agenda and it's happening right now. joining me now is nia maliqa henderson and joan walsh. >> joan, two weeks into the second term, what do you think he can get done? >> well, you know, i'm semi-optimistic about immigration reform, reverend al, although i'm starting to have a few more doubts. you know, if democrats were like republicans, they would not help the republy c llicans out and d immigration reform. but the president is trying, chuck schumer has put together this bipartisan group. but the thing that seems like a big sticking point to me is even the supposedly pro-immigration forces are saying enforcement first. and they're ignoring the fact that this president has been all about enforcement. i mean, you know it better than i do. there is some civil rights folks who are entirely happy with some of the deportation policy, border enfo
. >> and remember that debt ceiling hostage taking? well, today, senate republicans passed the debt ceiling extension. so you're seeing a confident president determined to carry out his second term agenda and it's happening right now. joining me now is nia maliqa henderson and joan walsh. >> joan, two weeks into the second term, what do you think he can get done? >> well, you know, i'm semi-optimistic about immigration reform, reverend al, although i'm starting to have a few...
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Jan 29, 2013
01/13
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FOXNEWSW
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summer of 2011, big fight over the debt ceiling at the time. jay carney, white house press secretary accuses ed henry our white house correspondent of spouting republican talking points. and now, they get into this fight over more and more spending, a debt ceiling fight and a fiscal cliff fight. the president is talking about fox again. it's what happens when he gets into a fight. >> greta: it would be so much better if he would sort of man up and get in the arena instead of sits on the side line and talks to his comfortable media. pan it's so easy for him to take a shot and come here and be treated with respect and you know he will be here and bill o'reilly will probably treat him respectfully. he'll probably never talk to sean, but sean will be respectful and he won't come here. >> and research has shown that more democrats watch fox than republicans watch some of the other news networks and if you go back to the debt ceiling fight. one. things that angered the white house was republicans were saying repeatedly, the president hasn't put forth
summer of 2011, big fight over the debt ceiling at the time. jay carney, white house press secretary accuses ed henry our white house correspondent of spouting republican talking points. and now, they get into this fight over more and more spending, a debt ceiling fight and a fiscal cliff fight. the president is talking about fox again. it's what happens when he gets into a fight. >> greta: it would be so much better if he would sort of man up and get in the arena instead of sits on the...
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Feb 6, 2013
02/13
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CNBC
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there are other taxes put in place and the debt ceiling will be dealt with. that will be a big battle between entitlement cuts and raising the debt ceiling. i think all these issues will bear on the market when people are very enthusiastic about it. i think this market is vulnerable. >> interesting to date, with all the noise in the market, stocks have been able to put on pretty good ear plugs. >> that's often the case. you've been around long enough. sometimes the market sloughs off bad news until it doesn't. >> that's for sure. >> how about your earnings forecast? 100 bucks, less than many people on the street are expecting. how does that mesh with the fact you're coming off a pretty good earnings season. expectations have come down but two-thirds of the companies have beaten. >> two-thirds of companies have beaten but you look at a chart of expectations, they're coming down. earnings expectations are rolling over and performance is coming down. the s&p has been able to earn $25 or better a quarter. i think we will see quarters $23. i don't think the market
there are other taxes put in place and the debt ceiling will be dealt with. that will be a big battle between entitlement cuts and raising the debt ceiling. i think all these issues will bear on the market when people are very enthusiastic about it. i think this market is vulnerable. >> interesting to date, with all the noise in the market, stocks have been able to put on pretty good ear plugs. >> that's often the case. you've been around long enough. sometimes the market sloughs...
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Jan 31, 2013
01/13
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MSNBC
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. >>> straight ahead, a senate vote on the debt ceiling in 30 minutes. what we expect to happen there and what it means for the larger budget bat until d.c. asional have constipation, diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues... with three strains of good bacteria. [ phillips' lady ] live the regular life. phillips'. behind the silver of philadelphia cream cheese. it always begins with fresh, local milk, blended with real wholesome cream. going fresh from the farm, to our fridge, in just six days. because we believe in fresh taste. that's the way we set the standard for intensely rich, luscious flavor. so our story of fresh taste always ends... deliciously. when it comes to taste, philadelphia sets the standard. >>> in the next hour, the senate is expected to vote on and pass the house's debt ceiling deal. a bill that su spends the debt limit for four months and foregoes the threat of default but doesn't end the fiscal threat. sequestration looms large over the capitol. a p
. >>> straight ahead, a senate vote on the debt ceiling in 30 minutes. what we expect to happen there and what it means for the larger budget bat until d.c. asional have constipation, diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues... with three strains of good bacteria. [ phillips' lady ] live the regular life. phillips'. behind the silver of philadelphia cream cheese. it always begins with fresh, local milk,...
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Feb 5, 2013
02/13
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MSNBCW
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you have the end of the later budget and then the debt ceiling this summer. happening over and over and over again. when there will be if ever a grand bargain, i frankly don't know and i wouldn't bet on it given the mood in washington right now. >> and meanwhile, we should point out, projections of the we have sit for 2013 under a trillion dollars down to 845 so maybe -- >> that's another point. >> sometimes -- >> exactly. >> the other thing is immigration. obviously, you know, high on washington's agenda this year, high on the administration's agenda. we had the news in the senate a week or two ago about potential bipartis bipartisan compromise with basically the enforcement and the pathway to citizenship and looks like that sort of that compromise might be hitting a snag in the house. the republican-controlled house where you have the republican chairman of the jewish dare committ committee this week holding hearings saying that's way too far. the further out i heard anybody go is eric cantor basically saying a version of the dream act with the children of
you have the end of the later budget and then the debt ceiling this summer. happening over and over and over again. when there will be if ever a grand bargain, i frankly don't know and i wouldn't bet on it given the mood in washington right now. >> and meanwhile, we should point out, projections of the we have sit for 2013 under a trillion dollars down to 845 so maybe -- >> that's another point. >> sometimes -- >> exactly. >> the other thing is immigration....